Tech Titans Propel World Shares Amid Currency Fluctuations

World shares are poised for their seventh consecutive monthly gain, driven by strong earnings from industry behemoths Amazon and Apple, which have reinforced global optimism in the tech sector. Investors are encouraged by the potential for massive AI expenditure to boost long-term growth prospects.

In Europe, stock markets opened slightly lower, anticipating upcoming euro zone inflation data, as the European Central Bank recently dispelled hopes of an immediate interest rate cut. However, tech-driven surges in Nasdaq and S&P 500 futures indicate prevailing market confidence, following unexpectedly robust Amazon earnings and promising Apple forecasts.

Meanwhile, shifts in major central bank policies have subtly adjusted expectations, with the Federal Reserve Chair's comments casting doubt on a December rate cut. These developments have led to a steady rise in U.S. Treasury yields and sustained the dollar near a three-month high, impacting commodity markets as oil prices decline.